Lotte Shopping Seeks Trust IPO in Singapore; Could Raise $1 Billion

IPO Would Be Largest-Ever Held Overseas by a Korean Company

By

P.R. Venkat

Updated Jan. 7, 2014 1:31 a.m. ET

SINGAPORE—South Korea's Lotte Shopping Co. has sought regulatory approval in Singapore to hold an initial public offering of a real-estate investment trust that could raise as much as US$1 billion, people with knowledge of the deal said Monday, in the biggest trust listings slated for the city-state in the next few months.

Lotte will put its Korean shopping malls in the REIT, the people said.